Compare signup bonuses and explore hedging strategies for potential profit opportunities
We focus on welcome bonuses because they offer profit opportunities through matched betting techniques that can be explored through hedging strategies.
Available sportsbook bonuses
Bonuses available nationwide
DraftKings
Sign up for a new sportsbook and claim their welcome bonus to receive bonus betting credits.
Use your bonus credits to bet both sides of the same game (e.g., Team A and Team B), ensuring you win regardless of the outcome.
After covering both outcomes with bonus bets, you're guaranteed to win one side while the bonus funds cover any losses. Typical returns are 45-55% of the bonus amount.
Welcome bonuses provide free betting credits that can be used to cover both sides of a game within the same sportsbook, creating guaranteed profit opportunities with minimal risk.
Welcome bonuses offer substantial amounts (up to $500+) as sportsbooks compete for new customers with their most attractive promotional offers.
First-time bonuses have clear, straightforward requirements designed to onboard new users, making hedging calculations more predictable.
Welcome offers are always available and don't get pulled like daily promotions, allowing you to plan your strategy at your own pace.
Each welcome bonus can only be claimed once per person per sportsbook, making them valuable limited opportunities for new users.
Sports betting has become increasingly popular as more states have legalized online sports betting within their borders. As of 2025, over 35 states plus Washington D.C. have legalized online sports betting, with more states considering legislation.
States with full online sports betting legalization include Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Nevada, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming, and many others that launched in 2024-2025.
Some states have retail-only betting or are still considering legislation. Always verify the current legal status in your state before participating in online sports betting activities.
You must be 21+ years old and physically located in a state where online sports betting is legal to claim these bonuses. All featured sportsbooks are licensed and regulated by the appropriate state gaming commissions.
Begin with $200-500 welcome bonuses to practice the hedging technique before tackling larger $1,000+ offers. This minimizes risk while you master betting both outcomes.
Look for games where both outcomes have similar odds (close to even money) to maximize your guaranteed profit when betting both sides with bonus credits.
Always calculate your bet amounts carefully to ensure both sides are properly covered with your bonus credits for guaranteed profit regardless of the game outcome.